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Strength Seen in Palo Alto (PANW): Stock Soars 8.2%

Palo Alto Networks, Inc.PANW was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company-as the stock is now up 21.5% in the past one-month time frame.

The move came after company reported solid second-quarter fiscal 2019 results.

The company has seen a mixed track record when it comes to estimate revision of one increase and no decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Palo Alto currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.

Investors interested in the Security industry may consider Fortinet, Inc. FTNT , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .

Is PANW going up? Or down? Predict to see what others think: Up or Down

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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